Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h —

Price spread now: MEXC against Reya+0.113%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. MEXC is 0.113% dearer against Reya than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AIXBTRUSDPERP	0.02323	0.0372	pay 0.0047% / 1h	18m 07s	—	—	—
Short	MEXC AIXBT_USDT	0.02326	0.0100	get 0.0050% / 4h	3h 18m	$681K	$237K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee MEXCbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$57.16
Price spread: +0.113% → 0.000%: $11.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$55.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 23 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 23 min ago	2.15 bp	12.7 bp −$13	42.0 bp −$420	128.3 bp −$12.8K	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AIXBT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_AIXBTUSD	−0.1370%	1h	0.02323	−0.006%	$19K	$5K	10x	as long as short
Variational Omni AIXBT	+0.0100%	4h	0.02320	−0.163%	$102K	$10K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02330	+0.272%	$398K	$208K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02327	+0.159%	$2.5M	$3.5M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02323	−0.016%	$1.2M	$1.1M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02325	+0.070%	$480K	$1.7M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02319	−0.188%	$204K	$84K	25x	as long as short
MEXC AIXBT_USDTshort	+0.0100%	4h	0.02326	+0.113%	$681K	$237K	100x
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02321	−0.102%	$1.2M	$1.4M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02325	+0.070%	$675K	$551K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02321	−0.102%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0119%	4h	0.02318	−0.231%	$122K	$78K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0273% / S −0.0486%	1h	0.02326	+0.104%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERPlong	+0.0372%	1h	0.02323	long leg	—	—	—